The EURUSD closed bullish yesterday rising to a new 14-month high. It was seen comfortably closing above 1.1450, with price action currently testing the highs near 1.1477. On the H4 chart, the EURUSD is seen breaking past the previous resistance established at 1.1445 level. This resistance could be briefly tested for support in the near term.
As long as the support holds, EURUSD could be seen posting further gains. However, failure to bounce off the support level could signal a near-term drop towards 1.1311 where the next support is.
As long as the support holds, EURUSD could be seen posting further gains. However, failure to bounce off the support level could signal a near-term drop towards 1.1311 where the next support is.
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